AMERICAN FOOTBALL Mentors Affiliation and AMERICAN FOOTBALL Mentors Establishment

Presentation Transcript

AMERICAN FOOTBALL COACHES ASSOCIATION & AMERICAN FOOTBALL COACHES FOUNDATION 2002 AFCA Annual Convention Michael V. Bourland Michelle Coleman-Johnson Bourland, Wall & Wenzel, P.C. Stronghold Worth, Texas

AFCA/AFCF VISION OUR GOALS To accommodate instruction of American football mentors to better serve the general population through part demonstrating and character advancement for young fellows and ladies upgrade of their specialized aptitudes and drilling capacities

AFCA/AFCF STRUCTURE OUR LINE-UP To give subsidizing to the American Football Coaches Association & the American Football Coaches Foundation in various diverse ways

AFCA/AFCF STRUCTURE OUR LINE-UP The American Football Coaches Association is an assessment excluded exchange affiliation Contributions to the AFCA don't meet all requirements for a wage impose beneficent derivation to the giver

AFCA/AFCF STRUCTURE OUR LINE-UP The American Football Coaches Foundation is an openly bolstered, charge absolved philanthropy Contributions to the AFCF fit the bill for money assess altruistic finding for contributor Revenue era exercises ought to be organized to keep up freely upheld philanthropy status of AFCF

AFCA/AFCF STRUCTURE OUR LINE-UP The Rule More than 1/3 of aggregate bolster must originate from an expansive representation of "people in general". Inspected by IRS over the underlying 5 year time span and on a 4 year moving normal from there on.

AFCA/AFCF STRUCTURE OUR LINE-UP What is "open" support? Incorporates commitments of numerous sorts and endowments under wills from an expansive scope of benefactors.

AFCA/AFCF METHOD OUR GAME PLAN Gift of Cash to AFCF has quick utilization of money Donor gets salary charge beneficent finding equivalent to money blessing

AFCA/AFCF METHOD OUR GAME PLAN Gift of Appreciated Property - land, stock, other property - to AFCF has prompt utilization of advantage Donor gets pay impose magnanimous derivation equivalent to resource's esteem Donor does not pay assess on the property's expanded esteem

AFCA/AFCF METHOD OUR GAME PLAN Bequest in Will Donor names AFCF as recipient in Will Bequest not subject to charge in benefactor's home Bequest can be money, land or other property

AFCA/AFCF METHOD OUR GAME PLAN Life Insurance Donor claims extra security approach and names AFCF as recipient AFCF gets arrangement continues upon giver's passing Proceeds not subject to assess in contributor's home

AFCA/AFCF METHOD OUR GAME PLAN Life Insurance (proceeded with) Donor names AFCF proprietor of disaster protection strategy Donor makes yearly money endowments to AFCF for premiums and gets pay impose altruistic conclusion AFCF gets strategy continues upon benefactor's demise Proceeds not subject to charge in contributor's domain

AFCA/AFCF METHOD OUR GAME PLAN Retirement arrange benefits/IRA Donor names AFCF as recipient of Retirement Plan Benefits/IRA AFCF gets benefits upon benefactor's demise Benefits not subject to assess in contributor's home

AFCA/AFCF METHOD OUR GAME PLAN Charitable Remainder Trust Donor makes and blessings property to trust Income charge excluded trust gives yearly installment to benefactor to life AFCF gets trust resources upon contributor's demise Trust resources are not subject to charge in contributor's home

AFCA/AFCF METHOD OUR GAME PLAN Charitable Lead Trust Donor makes and endowments property to trust amid contributor's life Income assessable trust makes deductible yearly installments to AFCF for term of years Donor's family gets trust resources at end of AFCF's installment term Trust resources not subject to charge in benefactor's home

SUMMARY FINAL SCORE With the best possible execution of our Game Plan AFCA and AFCF meet their objectives. Benefactors get altruistic expense conclusions for blessings to AFCF.